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According to the latest research, the global Photochromic Lenses market size was valued at USD 4423.0 million in 2022 and is expected to expand at a CAGR of 4.42% during the forecast period, reaching USD 5734.66 million by 2028.
A photochromic lens is an optical lens that darkens on exposure to light of sufficiently high frequency, most commonly ultraviolet (UV) radiation. In the absence of activating light, the lenses return to their clear state. Photochromic lenses may be made of glass, polycarbonate, or another plastic. They are principally used in eyeglasses that are dark in bright sunlight but clear in low ambient light conditions. They darken significantly within about a minute of exposure to bright light and take somewhat longer to clear. A range of clear and dark transmittances is available.
During the epidemic, the entire value chain of photochromic lenses felt the impact of COVID-19. Factories in the Asia-Pacific region first felt the impact and ceased operations in early 2020. Retailers followed closely behind, unable to shift demand to digital channels in March and April.
Generally speaking, due to the basic nature of photochromic lenses and other factors, they are less affected by the pandemic. Are they non-essential items like sunglasses and can be replenished through e-commerce channels? These conveniences are beneficial to the products during the epidemic. However, the supply chain rupture and business shutdowns caused by the epidemic during the epidemic also affected the development of the industry to a certain extent.
In addition, COVID-19 has rapidly accelerated e-commerce adoption in all eyewear categories. This channel will set a record of growth in 2020 equivalent to the period from 2014 to 2019. E-commerce has become the only way for consumers to obtain eyewear products during the lock-in period. Take the United States as an example. In the second quarter of 2020, US retail e-commerce sales increased by 31.8% month-on-month and 44.5% year-on-year. It currently accounts for 16.1% of US retail sales; US consumers’ online shopping spending in 2020Q2 was US$211.5 billion, month-on-month. The $160.3 billion in the first quarter increased by 31.8%. The development of e-commerce during the epidemic has broadened consumption channels for photochromic lens manufacturers, and consumers' online shopping habits have been retained after the epidemic.
Product performance needs to be improved
For photochromic lenses, the performance of the product needs to be improved. For example, depending on the brand, they will darken and brighten to varying degrees. Some lenses also take longer than others to adjust brightness. Or in cold weather, these lenses may take longer to adjust. These aspects such as discoloration time need to be improved.
The ever-changing challenges of consumer needs
With the development of the times, wearing photochromic lenses and glasses has gradually become popular in recent years. For consumers, when the color-changing spectacle lens encounters ultraviolet rays, its coating layer will immediately deepen while blocking the intrusion of ultraviolet rays, greatly blocking the damage of UVA and UVB to human eyes. In developed countries, color-changing tablets have long been recognized by consumers with strong health care awareness for their health, convenience, beauty and many other advantages. For companies, they should continue to meet consumer preferences and changes in consumption habits. For example, when consumers buy photochromic glasses, they tend to prefer products that are closer to sunglasses after darkening. The fashion sense of these products meets the needs of consumers. Therefore, it is very important for product manufacturers to perceive changes in consumer preferences in real time.
Region Overview:
Geographically, North America held the largest market share – 37.99% in 2022.
Company Overview:
Essilor (Transitions Optical) is one of the major players operating in the Photochromic Lenses market, holding a share of 29.68% in 2023.
Essilor (Transitions Optical)
Transitions Optical is a company headquartered in the United States, known for the production of photochromic lenses, founded in 1990.
Hoya Vision
Hoya Vision provides lenses, consulting solutions and other services to ophthalmology professionals.
Segmentation Overview:
As for product types, the Glass segment held the largest market share in 2022.
Application Overview:
The market's largest segment by application is the segment Outdoor Activities, with a market share of 66.44% in 2022.
This report elaborates on the market size, market characteristics, and market growth of the Photochromic Lenses industry between the year 2018 to 2028, and breaks down according to the product type, downstream application, and consumption area of Photochromic Lenses. The report also introduces players in the industry from the perspective of the value chain and looks into the leading companies.
Key Points this Global Photochromic Lenses Market Report Include:
Market Size Estimates: Photochromic Lenses market size estimation in terms of revenue and sales from 2018-2028
Market Dynamic and Trends: Photochromic Lenses market drivers, restraints, opportunities, and challenges
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Photochromic Lenses market
Segment Market Analysis: Photochromic Lenses market revenue and sales by type and by application from 2018-2028
Regional Market Analysis: Photochromic Lenses market situations and prospects in major and top regions and countries
Photochromic Lenses Market
Photochromic Lenses Industry Chain: Photochromic Lenses market raw materials & suppliers, manufacturing process, distributors by region, downstream customers
Photochromic Lenses Industry News, Policies by regions
Photochromic Lenses Industry Porters Five Forces Analysis
Key players in the global Photochromic Lenses market are covered in Chapter 2:
Maat Optical
Corning
Hoya Vision
Tokai Co., Ltd.
Essilor (Transitions Optical)
Optiswiss AG
Younger Optics
Vision Ease
RodenstocK
Carl Zeiss
In Chapter 6 and Chapter 9, on the basis of types, the Photochromic Lenses market from 2018 to 2028 is primarily split into:
Glass
Plastic
Polycarbonate
In Chapter 7 and Chapter 10, on the basis of applications, the Photochromic Lenses market from 2018 to 2028 covers:
Children
Outdoor Activities
People with Light Sensitivity
Other
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions from 2018 to 2028 are covered in Chapter 8 and Chapter 11:
United States
Europe
China
Japan
India
Southeast Asia
Latin America
Middle East and Africa
Others
In summary, this report relies on sources from both primary and secondary, combines comprehensive quantitative analysis with detailed qualitative analysis, and pictures the market from a macro overview to micro granular segment aspects. Whatever your role in this industry value chain is, you should benefit from this report with no doubt.
Chapter Outline
This report consists of 12 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 first introduces the product overview, market scope, product classification, application, and regional division, and then summarizes the global Photochromic Lenses market size in terms of revenue, sales volume, and average price.
Chapter 2 analyzes the main companies in the Photochromic Lenses industry, including their main businesses, products/services, sales, prices, revenue, gross profit margin, and the latest developments/updates.
Chapter 3 is an analysis of the competitive environment of Photochromic Lenses market participants. This mainly includes the revenue, sales, market share, and average price of the top players, along with the market concentration ratio in 2022 and the players' M&A and expansion in recent years.
Chapter 4 is an analysis of the Photochromic Lenses industrial chain, including raw material analysis, manufacturing cost structure, distributors, and major downstream buyers.
Chapter 5 focuses on Photochromic Lenses market dynamics and marketing strategy analysis, which include opportunities, challenges, industry development trends under inflation, industry news and policies analyzed by region, Porter's Five Forces analysis, as well as direct and indirect marketing, and the development trends of marketing channels.
Chapters 6-8 have segmented the Photochromic Lenses market by type, application, and region, with a focus on sales and value from 2018 to 2023 from both vertical and horizontal perspectives.
Chapters 9-11 provide detailed Photochromic Lenses market forecast data for 2023-2028, broken down by type and application, region, and major countries to help understand future growth trends.
Chapter 12 concludes with an explanation of the data sources and research methods. Verify and analyze through preliminary research to obtain final quantitative and qualitative data.
2022
A photochromic lens is an optical lens that darkens on exposure to light of sufficiently high frequency, most commonly ultraviolet (UV) radiation. In the absence of activating light, the lenses return to their clear state. Photochromic lenses may be made of glass, polycarbonate, or another plastic. They are principally used in eyeglasses that are dark in bright sunlight but clear in low ambient light conditions. They darken significantly within about a minute of exposure to bright light and take somewhat longer to clear. A range of clear and dark transmittances is available.
During the epidemic, the entire value chain of photochromic lenses felt the impact of COVID-19. Factories in the Asia-Pacific region first felt the impact and ceased operations in early 2020. Retailers followed closely behind, unable to shift demand to digital channels in March and April.
Generally speaking, due to the basic nature of photochromic lenses and other factors, they are less affected by the pandemic. Are they non-essential items like sunglasses and can be replenished through e-commerce channels? These conveniences are beneficial to the products during the epidemic. However, the supply chain rupture and business shutdowns caused by the epidemic during the epidemic also affected the development of the industry to a certain extent.
In addition, COVID-19 has rapidly accelerated e-commerce adoption in all eyewear categories. This channel will set a record of growth in 2020 equivalent to the period from 2014 to 2019. E-commerce has become the only way for consumers to obtain eyewear products during the lock-in period. Take the United States as an example. In the second quarter of 2020, US retail e-commerce sales increased by 31.8% month-on-month and 44.5% year-on-year. It currently accounts for 16.1% of US retail sales; US consumers’ online shopping spending in 2020Q2 was US$211.5 billion, month-on-month. The $160.3 billion in the first quarter increased by 31.8%. The development of e-commerce during the epidemic has broadened consumption channels for photochromic lens manufacturers, and consumers' online shopping habits have been retained after the epidemic.
Product performance needs to be improved
For photochromic lenses, the performance of the product needs to be improved. For example, depending on the brand, they will darken and brighten to varying degrees. Some lenses also take longer than others to adjust brightness. Or in cold weather, these lenses may take longer to adjust. These aspects such as discoloration time need to be improved.
The ever-changing challenges of consumer needs
With the development of the times, wearing photochromic lenses and glasses has gradually become popular in recent years. For consumers, when the color-changing spectacle lens encounters ultraviolet rays, its coating layer will immediately deepen while blocking the intrusion of ultraviolet rays, greatly blocking the damage of UVA and UVB to human eyes. In developed countries, color-changing tablets have long been recognized by consumers with strong health care awareness for their health, convenience, beauty and many other advantages. For companies, they should continue to meet consumer preferences and changes in consumption habits. For example, when consumers buy photochromic glasses, they tend to prefer products that are closer to sunglasses after darkening. The fashion sense of these products meets the needs of consumers. Therefore, it is very important for product manufacturers to perceive changes in consumer preferences in real time.
Region Overview:
Geographically, North America held the largest market share – 37.99% in 2022.
Company Overview:
Essilor (Transitions Optical) is one of the major players operating in the Photochromic Lenses market, holding a share of 29.68% in 2023.
Essilor (Transitions Optical)
Transitions Optical is a company headquartered in the United States, known for the production of photochromic lenses, founded in 1990.
Hoya Vision
Hoya Vision provides lenses, consulting solutions and other services to ophthalmology professionals.
Segmentation Overview:
As for product types, the Glass segment held the largest market share in 2022.
Application Overview:
The market's largest segment by application is the segment Outdoor Activities, with a market share of 66.44% in 2022.
This report elaborates on the market size, market characteristics, and market growth of the Photochromic Lenses industry between the year 2018 to 2028, and breaks down according to the product type, downstream application, and consumption area of Photochromic Lenses. The report also introduces players in the industry from the perspective of the value chain and looks into the leading companies.
Key Points this Global Photochromic Lenses Market Report Include:
Market Size Estimates: Photochromic Lenses market size estimation in terms of revenue and sales from 2018-2028
Market Dynamic and Trends: Photochromic Lenses market drivers, restraints, opportunities, and challenges
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Photochromic Lenses market
Segment Market Analysis: Photochromic Lenses market revenue and sales by type and by application from 2018-2028
Regional Market Analysis: Photochromic Lenses market situations and prospects in major and top regions and countries
Photochromic Lenses Market
Competitive Landscape
and Major Players: Analysis of 10-15 leading market players, sales, price, revenue, gross, gross margin, product/service profile and recent development/updates, etc.Photochromic Lenses Industry Chain: Photochromic Lenses market raw materials & suppliers, manufacturing process, distributors by region, downstream customers
Photochromic Lenses Industry News, Policies by regions
Photochromic Lenses Industry Porters Five Forces Analysis
Key players in the global Photochromic Lenses market are covered in Chapter 2:
Maat Optical
Corning
Hoya Vision
Tokai Co., Ltd.
Essilor (Transitions Optical)
Optiswiss AG
Younger Optics
Vision Ease
RodenstocK
Carl Zeiss
In Chapter 6 and Chapter 9, on the basis of types, the Photochromic Lenses market from 2018 to 2028 is primarily split into:
Glass
Plastic
Polycarbonate
In Chapter 7 and Chapter 10, on the basis of applications, the Photochromic Lenses market from 2018 to 2028 covers:
Children
Outdoor Activities
People with Light Sensitivity
Other
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions from 2018 to 2028 are covered in Chapter 8 and Chapter 11:
United States
Europe
China
Japan
India
Southeast Asia
Latin America
Middle East and Africa
Others
In summary, this report relies on sources from both primary and secondary, combines comprehensive quantitative analysis with detailed qualitative analysis, and pictures the market from a macro overview to micro granular segment aspects. Whatever your role in this industry value chain is, you should benefit from this report with no doubt.
Chapter Outline
This report consists of 12 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 first introduces the product overview, market scope, product classification, application, and regional division, and then summarizes the global Photochromic Lenses market size in terms of revenue, sales volume, and average price.
Chapter 2 analyzes the main companies in the Photochromic Lenses industry, including their main businesses, products/services, sales, prices, revenue, gross profit margin, and the latest developments/updates.
Chapter 3 is an analysis of the competitive environment of Photochromic Lenses market participants. This mainly includes the revenue, sales, market share, and average price of the top players, along with the market concentration ratio in 2022 and the players' M&A and expansion in recent years.
Chapter 4 is an analysis of the Photochromic Lenses industrial chain, including raw material analysis, manufacturing cost structure, distributors, and major downstream buyers.
Chapter 5 focuses on Photochromic Lenses market dynamics and marketing strategy analysis, which include opportunities, challenges, industry development trends under inflation, industry news and policies analyzed by region, Porter's Five Forces analysis, as well as direct and indirect marketing, and the development trends of marketing channels.
Chapters 6-8 have segmented the Photochromic Lenses market by type, application, and region, with a focus on sales and value from 2018 to 2023 from both vertical and horizontal perspectives.
Chapters 9-11 provide detailed Photochromic Lenses market forecast data for 2023-2028, broken down by type and application, region, and major countries to help understand future growth trends.
Chapter 12 concludes with an explanation of the data sources and research methods. Verify and analyze through preliminary research to obtain final quantitative and qualitative data.
Years considered for this report:
Historical Years:
2018-2022Base Year:
2022Estimated Year:
2023Forecast Period:
2023-2028Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
